What is the most profitable sales mix for Boujee Bison
Q: The fact that generally accepted accounting principles allow companies flexibility in choosing…
A: Depreciation refers to the decline in the value of the assets due to daily operational use.…
Q: 7. The Civil Rights Act prohibits employment discrimination based on: A. None of these B. Race and…
A: The first question is asking about the types of discrimination that the Civil Rights Act prohibits…
Q: Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout…
A: The cost incurred for production are classified as variable and fixed Costs. The variable costs and…
Q: Lily Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting…
A: Statement of Budgeted Income helps with cash flow forecasting by calculating when revenue and…
Q: Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most…
A: The budget is prepared to estimate the requirements for the future period. The production budget…
Q: Exercise 19-11 (Algo) Employee share purchase plan; MacroApps [LO19-3] MacroApps Corporation's…
A: An Employee Stock Purchase Plan (ESPP) is a company-sponsored initiative that enables qualified…
Q: Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31…
A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…
Q: Prepare the journal entry to record depreciation for 2025. (Credit account titles are automatically…
A: Straight-line depreciation represents a systematic approach to distributing the cost of an asset…
Q: Kohler Corporation reports the following components of stockholders' equity at December 31 of the…
A: Stockholders’ equity refers to the ownership interest in the business. It is the claim of the owners…
Q: E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Turquoise…
A: Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…
Q: Regal mpany man ictures three types of bicycles-a dirt bike, a mountain bike, and a racing bike.…
A: Under segment reporting only the segment margin is calculated and used for evaluating the…
Q: (a) * Your answer is incorrect. Compute the markup percentage under absorption-cost pricing that…
A: Absorption Costing MethodUnder this method, cost of a product includes the cost incurred on direct…
Q: he following would indicate a cas
A: Cash payments entail the direct exchange of money or its equivalent, they are distinguished by their…
Q: On January 1, 2019, Ivanhoe Co. purchased a patent for $2350250. The patent is being amortized over…
A: Intangible asset An intangible asset seems to be one that does not have a physical form. Intangible…
Q: The Income statement for the year ended December 31, 20X6, for Total Inc. contains the following…
A: The ratio analysis helps to analyze the financial statements of the business. The account…
Q: Sales price Variable cost per unit Direct labor hours per unit Demand (units) Required: Product A $…
A: The contribution margin per scarce resource is determined to find the optimal mix of production. The…
Q: Whispering Company is evaluating its performance at year-end within its variable costing system. The…
A: Cost of goods sold is the sum of all costs that are related to the production of goods like direct…
Q: Prepare the company's flexible budget for August.
A: A flexible budget is a budgeting approach that adjusts or flexes according to changes in activity…
Q: I need questions 6 and 7 answered Silven Industries, which manufactures and sells summer lotions…
A: Sales describes the exchange of a good, service, or delivery for cash. In order to find what they're…
Q: In its first five years of operations, Monster Hats reports the following net income and dividends…
A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…
Q: Statement I: If an agent acts in his name, the principal shall have a right of action against the…
A: An accumulation of funds set aside for a specific goal is called a fund. A fund may be established…
Q: What is the price at which the stock of a public company trades on the stock market referred to as?…
A: The price at which the stock of a public company trades on the stock market is referred to as its…
Q: Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred…
A: The petty cash fund is created to maintain cash balance for day to day cash transactions of the…
Q: The Peterson company incurred the following revenue and costs in the month of May: Sales Revenue…
A: Gross margin represents the percentage of revenue that exceeds the cost of goods sold (COGS). It is…
Q: Marie and Ramesh form Roundtree Corporation with the transfer of the following. Marie performs…
A: The Fair Market Value (FMV) is the current price that an interested buyer in the open market is…
Q: a. October sales are estimated to be $340,000, of which 40 percent will be cash and 60 percent will…
A: Due to multiple sub-parts only the first three sub-parts has been solved due to the guideline…
Q: Oriole Company has the following data for the weekly payroll ending January 31. Employee L. Helton…
A: Journal entry records the accounting transactions of a business in a journal book. All the business…
Q: Sunland Company has the following data: Direct labor Direct materials used Total manufacturing…
A: The objective of the question is to calculate the total manufacturing costs for Sunland Company. The…
Q: ly, there has been a shift in the focus of boards and audit committees: Select one:
A: The audit committee contributes to the general transparency and dependability of financial…
Q: Crane Corporation uses the perpetual inventory system and began business on April 1. During the…
A: A journal entry is a basic accounting record that is used to chronologically track financial…
Q: Eaton Corporation began the year with a retained earnings balance of $30,000. The company paid a…
A: The objective of the question is to calculate the ending retained earnings balance for Eaton…
Q: Question 1 A. Caro Inc. purchases a delivery truck for $18,000. Thetruck has a salvage value of…
A: Hi studentSince there are multiple questions, we will answer only first question.Depreciation is the…
Q: What is the noncontrolling interest's share of consolidated net income?
A: -Redfield company net income is $438,000-Snedeker company net income is $105,000-since Redfield…
Q: Bridgeport Manufacturing purchased a machine on January 1, 2023 for use in its factory. Bridgeport…
A: Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…
Q: Gerald Enterprise provides the following information about its single product, for eac month:…
A: "Since you have asked multiple question, we will solve only first question. You can repost the…
Q: On January 1, 2021, you deposited $5,500 in a savings account. The account will earn 10 percent…
A: In many financial computations, such as investment analysis, retirement planning, and assessing the…
Q: Ferrante Company sells 23,000 units at $50 per unit. Variable costs are $39.50 per unit, and fixed…
A: 1. CVP analysis is used to identify the changes in costs and volume that affect a company's…
Q: Requirement 2. Report the company's stockholders' equity at Decentock J1, 2022. Net income for 2022…
A: Stockholders' equity represents the residual interest in a company's assets after deducting…
Q: A law firm uses activity-based pricing. The company's annual activity pools and related information…
A: The overhead is applied to the production on the basis of the pre-determined overhead rate. The…
Q: Woolard Supplies (a sole proprietorship) has taxable income in 2020 of $240, 000 before any…
A: Depreciation refers to the expected decline in the value of a fixed asset due to its daily use in…
Q: Julio and Milania are owners of Falcons Corporation, an S corporation. They each own 50 percent of…
A: The income which is taxed at ordinary rate is know as ordinary income. It includes income from…
Q: Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash Accounts…
A: Analysis of financial statements is an essential tool for all parties involved, such as creditors,…
Q: 1. 2. 3. 4. Sales on account, $1,670,000; cost of goods sold, $935.200; return rate of 7% 4 Selling…
A: In Every type of Accounts the left side of T Account is the debit side and the right side of T…
Q: Required information Skip to question [The following information applies to the questions displayed…
A: When the total taxable income is after computing the AGI and deducting all the deductions allowed to…
Q: Crane Company uses a periodic inventory system and the average cost method. At December 31, 2025,…
A: Lower-of-cost-or-net realizable value is the concept that tells the inventory should be recorded at…
Q: A company had the following related transactions:
A: A journal entry is a basic accounting record that is used to chronologically track financial…
Q: Sheridan Corporation's comparative balance sheets are presented below. Cash Accounts receivable…
A: The objective of the question is to calculate various financial ratios for Sheridan Corporation for…
Q: On January 1, 2024, a Company adopted the dollar-value LIFO method for its one inventory pool. The…
A: Inventory, based on its intended use and where it is in the manufacturing or distribution process.…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The variance is the difference between the actual and standard production data. The revenue and…
Q: Bramble Company acquires a piece of equipment on April 1 with a total cost of $32,500. The company…
A: Depreciation is the loss in the value of the asset caused due to its usage, wear and tear.There are…
Step by step
Solved in 3 steps
- Patz Company produces two types of machine parts: Part A and Part B, with unit contribution margins of 300 and 600, respectively. Assume initially that Patz can sell all that is produced of either component. Part A requires two hours of assembly, and B requires five hours of assembly. The firm has 300 assembly hours per week. Required: 1. Express the objective of maximizing the total contribution margin subject to the assembly-hour constraint. 2. Identify the optimal amount that should be produced of each machine part and the total contribution margin associated with this mix. 3. What if market conditions are such that Patz can sell at most 75 units of Part A and 60 units of Part B? Express the objective function with its associated constraints for this case and identify the optimal mix and its associated total contribution margin.Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how many of each product should be made?Polaris Inc. manufactures two types of metal stampings for the automobile industry: door handles and trim kits. Fixed cost equals 146,000. Each door handle sells for 12 and has variable cost of 9; each trim kit sells for 8 and has variable cost of 5. Required: 1. What are the contribution margin per unit and the contribution margin ratio for door handles and for trim kits? 2. If Polaris sells 20,000 door handles and 40,000 trim kits, what is the operating income? 3. How many door handles and how many trim kits must be sold for Polaris to break even? 4. CONCEPTUAL CONNECTION Assume that Polaris has the opportunity to rearrange its plant to produce only trim kits. If this is done, fixed costs will decrease by 35,000, and 70,000 trim kits can be produced and sold. Is this a good idea? Explain.
- Reubens Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided, If Reuben accepts the offer, what will the effect on profit be?Oat Treats manufactures various types of cereal bars featuring oats. Simmons Cereal Company has approached Oat Treats with a proposal to sell the company its top selling oat cereal bar at a price of $27,500 for 20,000 bars. The costs shown are associated with production of 20,000 oat bars currently. The manufacturing overhead consists of $3,000 of variable costs with the balance being allocated to fixed costs. Should Oat Treats make or buy the oat bars?Carltons Kitchens makes two types of pasta makers: Strands and Shapes. The company expects to manufacture 70,000 units of Strands, which has a per-unit direct material cost of $10 and a per-unit direct labor cost of $60. It also expects to manufacture 30.000 units of Shapes, which has a per-unit material cost of $15 and a per-unit direct labor cost of $40. It is estimated that Strands will use 140,000 machine hours and Shapes will require 60,000 machine hours. Historically, the company has used the traditional allocation method and applied overhead at a rate of $21 per machine hour. It was determined that there were three cost pools, and the overhead for each cost pool is shown: The cost driver for each cost pool and its expected activity is shown: A. What is the per-unit cost for each product under the traditional allocation method? B. What is the per-unit cost for each product under ABC costing?
- Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Eagle Brand Inc. produces two products as follows: Eagle Brand has 1,000 lbs. of raw materials that can be used to produce Products X and Y. Which of the following alternatives should Eagle Brand accept to maximize the contribution margin? a. 100 units of Product Y. b. 250 units of Product X. c. 200 units of Product X and 20 units of Product Y. d. 200 units of Product X and 50 units of Product Y.Bricktan Incorporated makes three products, Basic, Classic, and Deluxe. The maximum Bricktan can sell is 724,000 units of Basic, 492,000 units of Classic, and 124,500 units of Deluxe. Bricktan has limited production capacity of 1,008.000 machine hours. Machine hours per unit are as follows: Basic, 1 hour, Classic, 1.25 hours; and Deluxe 2.5 hours. Contribution margin per unit is $15 for Basic, $25 for Classic, and $55 for Deluxe. What is the most profitable sales mix for Bricktan Incorporated? Multiple Choice 622,500 Basic, O Classic and 124,500 Deluxe. 72,400 Basic, 492,000 Classic and 268,800 Deluxe. 81,750 Basic, 492,000 Classic and 124,500 Deluxe. 168,000 Basic, 124,500 Classic and 268,800 Deluxe. 367,500 Basic, 268,800 Classic and 124,500 Deluxe.
- This Little Light, Inc. is a manufacturer of lamps. Little Light makes 40,000 units per year of a part that it uses in the manufacturing of each lamp. At this activity level, the unit production cost is $7.17. Of this amount, $4.71 is for unit variable production costs. The remainder is for fixed production costs and equals $98,400. Little Light has identified an outsider supplier who sells the needed part. If the part is purchased from the outsider supplier, 15% of Little Light's fixed manufacturing costs will be eliminated. Assume Little Light will need 50,000 of the part next year and that the freed up capacity can be rented out to another company for $31,740. At what purchase price will Little Light be economically indifferent between making the part and buying the part? $4.70 $4.86 $5.97 $5.50 $5.64Beat Company manufactures 8,000 units of a certain component per year. This component is used in the production of the main product. The following are the costs to make the component per unit: Direct materials $4 Direct labor $4 Variable overhead $3 Fixed overhead $5 If Beat Company buys the component from an outside supplier, the company can rent out the released facilities for P12,360 a year. The cost of the component per unit as quoted by the supplier is P15. 25% of fixed overhead applied in the manufacture of the component will continue regardless of what decision is made. For all purchase made by the company, freight and handling costs are applied at 2% of the purchase price. The direct materials cost presented above is exclusive of such freight and handling cost. What is the advantage or disadvantage of buying the component?A. P12,240 advantage B. 24,600 advantage C. 5,400 disadvantage D. 8,600 advantageRutro Corp. makes 59,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows:Direct material $21.00 Direct labor 23.00 Variable manufacturing overhead 8.00 Fixed manufacturing overhead 30.00Unit product cost $82.00 An outside supplier has offered to sell the company all of the 59,000 parts it needs for $75.00 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of another product that is in high demand. The additional contribution margin on this other product would be $310,000 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, 64% of the fixed manufacturing overhead cost being applied to the part would continue even if the part were…